BTC channel retest and Inverted Head and Shoulders
BTC broke out from the long decending channel in January after a 30% pump. Currently price is retesting the long decending channel and printing an inverse head and shoulders pattern.
I expect side way consolidation to trap shorts and gain fuel for the next pump to 28k. The measured move of the inverted head and shoulders is 40k. But I can see price reaching 48k as predicted in previous ideas linked below.
March will finish green according to my idea linked below.
I expect side way consolidation to trap shorts and gain fuel for the next pump to 28k. The measured move of the inverted head and shoulders is 40k. But I can see price reaching 48k as predicted in previous ideas linked below.
March will finish green according to my idea linked below.
Note
48k this month Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.